双语早读丨英国机构:将非洲债务危机归咎于中国是转移目标
The following article is from 中国日报网英语点津 Author 董静
西方国家频频抹黑中国给非洲带来“债务危机”,但英国活动团体“债务正义”7月11日发布的最新调查显示,非洲国家欠西方银行、资产管理公司和石油交易商的债务,是其欠中国债务的3倍;前者收取的利率也是中国的两倍。“债务正义”政策负责人蒂姆·琼斯指出:“西方领导人将非洲的债务危机归咎于中国,但这是在转移注意力。事实上,他们自己的银行、资产管理公司和石油交易商的责任更大,但七国集团却让他们置身事外。”
[Photo/Agencies]
African countries owe three times more debt to Western banks, asset managers and oil traders than to China, and are charged double the interest, according to a study released on July 11th by British campaign charity Debt Justice. This is despite the growing accusations by the US and other Western countries that China’s lending is behind the debt troubles faced by some African countries. The study said just 12 percent of the continent’s external debt was owed to Chinese lenders, compared to 35 percent owed to Western private creditors, according to calculations based on World Bank data.
Interest rates charged on private loans were almost double those on Chinese loans, while the most indebted countries were less likely to have their debt dominated by China, the study found. The average interest rate on private sector loans is 5 percent, compared to 2.7 percent on loans from Chinese public and private lenders.
The study was released ahead of the G20 finance ministers meeting from July 15-16 in Indonesia. Campaigners are calling on Western countries, particularly Britain and the US, to compel private lenders to take part in the Common Framework – the G20’s latest debt relief scheme. The study found a dozen of the 22 African countries with the highest debts were paying more than 30 percent of their total external repayments to private lenders. These included Cabo Verde, Chad, Egypt, Gabon, Malawi, Morocco, Rwanda, Senegal, Tunisia and Zambia.
South Sudan is one of the hardest hit in this category, with 81 percent of its debt repayments going to private creditors, and just 11 percent to China. Ghana is also paying more than half of its external debt obligations to the private sector, with 11 percent going to China and the rest to multilateral lenders and other governments.
Chinese lenders accounted for more than 30 percent of loan payments in six of the 22 most indebted countries – Angola, Cameroon, Republic of the Congo, Djibouti, Ethiopia and Zambia.
Debt Justice policy head Tim Jones said Western leaders blamed China for debt crises in Africa, “but this is a distraction”.
“The truth is their own banks, asset managers and oil traders are far more responsible but the G7 are letting them off the hook.” Jones said China had taken part in the G20’s Debt Service Suspension Initiative during the pandemic, while private lenders did not. “There can be no effective debt solution without the involvement of private lenders. The UK and US should introduce legislation to compel private lenders to take part in debt relief,” he said.
The G20 initiative, unveiled in May 2020, provided 48 economies with temporary cash-flow relief, delivering about US$12.9 billion in debt service payments by the end of December when it ended.
But the exclusion of private and multilateral lenders meant countries that applied to take part in the initiative saw just 23 percent of their external repayments suspended.
The initiative’s replacement, the G20 Common Framework, allows participating countries to agree to restructure debt with bilateral lenders and the International Monetary Fund (IMF). The nations are then supposed to seek similar debt treatment from private sector creditors. The G7 countries have blamed China for the failure of the debt relief programme to help heavily indebted countries avoid default, doubling down in May with a statement from the finance ministers of the world’s seven most advanced economies.
Yungong Theo Jong, head of programmes at the African Forum and Network on Debt and Development (Afrodad), said multilateral and private lenders remained the biggest creditors to African governments. “Loans from China have increased Africa’s indebtedness, but by far less than Western lenders. All lenders must participate in debt relief. Western governments must lead the way by making private lenders cancel debts,” he said.
来源:中国日报网英语点津(编辑:董静)